463 Orchard LN, Beecher, IL 60401
463 Orchard LN, Beecher, IL 60401
463 Orchard LN, Beecher, IL 60401
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$250,000
Est. payment /mo
4 Beds
2 Baths
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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12621591

Bedrooms 4

Year Built 1968

Annual Tax Amount $7,836

Tax Year 2024

Lot Dimensions 145x69

Property Sub-Type Two to Four Units

Property Description

Looking for a rock-solid addition to your portfolio or a smart way to let a tenant pay your mortgage? This meticulously maintained brick ranch duplex is the perfect find. Fully occupied and generating $2,550 in monthly gross rent, this building offers the stability of a long-term resident in one unit and a fresh, market-rate lease in the other. The Layout: Spacious & Functional Unlike your standard multi-family, this is a true side-by-side ranch featuring an attached garage and a full basement under both units, providing massive storage or future expansion potential. The West Unit: Features brand-new luxury vinyl plank flooring for a modern, durable finish. This unit comes with a refrigerator replaced just four years ago and a brand-new washer and dryer (only two months old) that stay with the home. Tenant on a lease at $1300/mo The East Unit: Home to a reliable, long-time resident ($1,250/mo), this unit features an oven replaced within the last two years. Key Investment Highlights Instant Income: Total monthly rent is $2,550 ($1,300/mo and $1,250/mo) - Better than 1% rule Flexible Occupancy: One unit is currently on a month-to-month lease, making this the perfect opportunity for an owner-occupant to move in while continuing to collect rent from the neighboring side. Low Maintenance: All kitchen appliances convey with the sale. The owner's side includes a washer and dryer, while the tenant side provides their own, keeping your appliance liability low. Solid Bones: Classic brick construction with a functional layout that remains in high demand for renters and homeowners alike. Prime Location Situated in a great, accessible location, this property is perfectly positioned for long-term appreciation and ease of management. Whether you are a seasoned investor or looking for your first "house-hacker" special, this is a lucrative, turn-key opportunity you won't want to miss!

Location

State IL

County Will

Area Beecher

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 200U , 200U, 200U

Others

Ownership Fee Simple

Special Listing Condition None


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Midwest Real Estate Data (MRED) IDX
Listed by Edward Pluchar of  1% Lists Real Estate Solutions 
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Doug Anderson

Doug Anderson

Designated Managing Broker

+1(847) 687-3424

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463 Orchard LN